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Chinese firms to issue USD300mn in Abu Dhabi

01 Aug 2017

(MENAFN) Five Chinese firms will start work in Abu Dhabi’s industrial zones with an investment of USD300mn in a help for the oil-rich emirate”s economic diversification strategies.

Meanwhile, the firms, from Jiangsu province on China’s east coast, are included in sectors ranging from power and metals to natural resources and banking.

Additionally, Abu Dhabi Ports has inked a 50-year deal with the Jiangsu Provincial Overseas Co-op & Investment Co. (JOCIC) to take a lease on 2.2 square kilometers at the Khalifa Industrial Zone.

Moreover, the firms are Hanergy Thin Film Power Group, Jiangsu Fantai Mining Development Co Ltd, Xuzhou Jianghe Wood Co, Jiangsu Jinzi Environmental Tech and Guanghzeng Group.

MENAFN0108201700450000ID1095677610

MENAFN0108201700450000ID1095677610

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